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Jos. A. Bank's Offer For Eddie Bauer Defies Logic: Shareholder

wochit business
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February 18, 2014 AT 2:22 PM
Jos. A. Bank's planned acquisition of outdoor sportswear retailer Eddie Bauer defies logic given that the companies cater to different customers, according to one of the men's apparel retailer's shareholders. Eminence Capital LLC, which has been pushing for a merger between Jos. A. Bank and rival Men's Wearhouse said the deal is "a poor strategic fit." Eminence is the top shareholder in Men's Wearhouse. Jos. A. Bank and Men's Wearhouse, both of whom are known for renting and selling tuxedos, have made and spurned offers for each other over the past few months.